Southwest Airlines Co.
LUV Industrials Airlines
Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 20.0%, free cash flow grew 86.8% and total debt rose 44.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.
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Southwest Airlines Co. (LUV) Shares outstanding
Southwest Airlines Co.'s shares outstanding at the end of fiscal 2025 was $558.0M, down 13.2% from $643.0M in fiscal 2024. At the end of the quarter to 30 June 2026 it was $493.0M. Over the past ten years it has ranged from $539.0M (fiscal 2019) to $669.0M (fiscal 2015); the current reading is higher than 18% of that period. Southwest Airlines Co. ranks 4th of 18 Airlines companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $558.0M | (13.22%) |
| FY2024 | $643.0M | 0.47% |
| FY2023 | $640.0M | (0.31%) |
| FY2022 | $642.0M | 5.42% |
| FY2021 | $609.0M | 7.79% |
| FY2020 | $565.0M | 4.82% |
| FY2019 | $539.0M | (6.10%) |
| FY2018 | $574.0M | (4.81%) |
| FY2017 | $603.0M | (4.74%) |
| FY2016 | $633.0M | (5.38%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $493.0M | (1.99%) |
| Mar 2026 | $503.0M | (9.86%) |
| Dec 2025 | $558.0M | 6.08% |
| Sep 2025 | $526.0M | (2.77%) |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| AAL American Airlines Group Inc. compare | $662.6M |
| DAL Delta Air Lines, Inc. compare | $659.0M |
| RYAAY Ryanair Holdings PLC compare | $525.0M |
| LUV Southwest Airlines Co. | $493.0M |
| ZNH China Southern Airlines Company Limited compare | $377.9M |
| UAL United Airlines Holdings Inc compare | $326.6M |
| LTM LATAM Airlines Group S.A. compare | $287.1M |
| ALK Alaska Air Group, Inc. compare | $111.1M |
| CPA Copa Holdings, S.A. compare | $40.9M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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